karoline leavitt and scott bessent.ng to see if they announce trade deals. >> ainsley: in about a the minute, you will see karoline leavitt and scott bessent talking about the economy. >> lawrence: biggest question today will be about india, looks like j.d. vance will lead that negotiation, he and scott bessent worked on that. vice president and his family were in india. an announcement would be huge. >> steve: president is traveling to michigan later today, hop onboard air force one and hear from scott bessent, secretary of treasury and karoline leavitt as they kickoff from the white house mr. trump's 100th day day. >> ainsley: how great scott bessent is, how smart he is, what he's doing to help the economy. we talked to people in the audience. virginia said she has not felt the pinch of the tariffs now. she is retired. if you give it time, donald trump did a fabulous job with the numbers, just give him some time. it looks like india might be the first one. >> brian: he is extremely confident and feels more comfortable

peter navarro or scott bessent? it has been made kind of clear by the administration or mr. bessent himself that he will lead the way. kailey: president trump has been in the room when japanese negotiators came to washington last week. president trump was in attendance and it speaks to the difficulty other countries may find navigating talks with the administration. it seems like, at this point, a lot of this comes down to the decision-making of one man, and one man only, president trump. it is unclear who, in these negotiations, can be seen as an adequate proxy for the feelings of the president. that is one of their demands or conditions china has to opening negotiations. they want a designated point person they know expresses the president. it won't be clear what role howard lutnick will play. there are a lot of players in the game but president is calling the shots. haidi: kailey leinz, thank you so much. we will see you at the top of the next hour. meantime, let's bring in cross chief market strategist victoria fernandez for an idea of how the market is digesting the cont

scott bessent tells us there is no evidence of foreign governments selling debt but his department is ready. >> we have a big tool, we do regular off the horizon. considering price hikes to offset the impact. flexibility wrapped up in on the certainty is the state of play reflected in the markets. optimism continues. we are down on european and the other side of the atlantic, makes news and the big question. a bit of recovery we got the u.k. jobs numbers coming out. we got a factor in the tariff talks. just look at gold. traders are clinging to certainty, they need caution. let's get over to avril hong in singapore with a check on asian markets. over to you. avril: asian markets extending gains helped by the return to wall street for the u.s. treasuries, also headline driven, reprieve for automotive's is helping the transport stocks. the japan topics top sector, chips doing well but also getting lingering recession concerns. just to give you a sense, flipped aboard and -- flipped aboard and look at the renminbi,

he was backing up comments made earlier in the day by his us treasury secretary scott bessent who was speaking at another private event hosted by jp morgan. we understand from someone who was in the room uh that that was where scott bestant said that the goal of the united states was not to decouple from china but that the situation was unsustainable and that it was likely we would at some point see some deescalation. the question is matthew is is when our officials from countries going to meet face to face um, obviously they're here all in washington for the international monetary fund and world bank spring meetings, but it's unclear if they will come face to face. michelle, it was striking listening to donald trump because he's been pretty quiet about that imf downgrade, hasn't he? yeah, i mean, i think, that we have known for some time that his trade war would cause damage to the economy. the question is uh given the nature of how tariffs work and also given the response you're seeing uh from other countries that you have this escalation uh and that it can as we heard from the imf

scott bessent: it is about bad actors. some of the early countries that are china's neighbors -- vietnam today, japan, south korea and india -- president trump has been saying it for years. china is the most imbalanced economy in the history of the modern world and are the biggest source of u.s. trade problems. they are problems for the world. as the u.s. announced tariffs last week, many goods have flooded europe. >> this trade war is china versus the world? mr. bessent: i am not calling it a trade war but china has escalated. president trump responded. we will work on a solution with trading partners. >> many of you in the media missed the art of the deal. you failed to see what president trump is doing. you tried to say the world would be moved closer to china. we have seen the opposite. the world is calling the u.s. not china. they need our market. they need this president to talk. that is why 75 countries called. u.s. is the best in the world to do business. the president has shown courage in choosing to retaliate aga

and scott bessent said we can go around the fed. we can go around the fed and headline interest rates and we can lower, target the longer-term bonds and bring down those rates. those are the rates that are skyrocketing. it is no wonder he was the one that got on tv and said, you know, brought reason to the situation. he has been a huge, obvious voice in all of this. >> sandra: mvp. >> john: the dow jones up 250 points. >> sandra: get it back periods beam and it has gone down again. >> sandra: volatility at its best. >> john: another yo-yo day i guess. melanie krause stepping down so what is causing her resignation? mollie hemingway on that coming up next. >> he said here today and innocent. the state by using that kind of term as applied to him mr. cho berger gets in the way of what the jury needs to decide. >> sandra: accused murderer bryan kohberger back in court and his defense attorney is now writing to get tossed out of this case. ♪ ♪ at your local dealer including america's number one selling compact tractor and get your perfe

first big fight we had with elon was elon pushed howard let nick and bannon in warm room pushed scott bessent and that got nasty and mar-a-lago. they leaked out kind of stuff about scott that wasn't true. at the time i set for what president trump was trying to do on trade, tariffs, taxes, national security, you are going to need a steady rock that the markets can sit there and go that guy is telling me the truth. i made out like it, but he's telling me the truth. if howard let me cap and secretary of the treasury it would be an unmitigated disaster. unmitigated disaster and this is about people putting their own interest first lady law, -- first light elon, first is putting the nations first. >> thank you. [applause] [captions copyright national cable satellite corp. 2025] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] >>>> thursday, watch the final segment and our encore presentation of our 10 part american history tv series, first 100 days. we've been exploring the early months of presidential adminis

um, i think increasingly you have to believe scott bessent, who um, who seems to be, his influence in, i think there will be ongoing pressure or conflict uh between the white house and and the federal. reserve um, and it's very difficult to see how that's going to be dialed down significantly. um, i don't think the fed are going to cut interest rates at the next meeting, which is the 7th of may, but markets are discounting that by the end of this year um, they could cut interest rates two or three times, and that would be consistent with a slowdown, which is very much expected uh in the us economy, so i think although president trump is dissatisfied with the federal reserve at the moment um, i think that we know an interest rate cut uh in june and more cuts in the second half of the year, i think will calm that pressure from from the white house. if you then look at the second issue which is facing investors at the moment, tariffs, um, i think that there is a degree of naivity amongst investors, because as as was mentioned earlier, um, we've only got 90 days um, before the original ta

first big fight we had with elon was elon pushed howard let nick and bannon in warm room pushed scott bessent and that got nasty and mar-a-lago. they leaked out kind of stuff about scott that wasn't true. at the time i set for what president trump was trying to do on trade, tariffs, taxes, national security, you are going to need a steady rock that the markets can sit there and go that guy is telling me the truth. i made out like it, but he's telling me the truth. if howard let me cap and secretary of the treasury it would be an unmitigated disaster. unmitigated disaster and this is about people putting their own interest first lady law, -- first light elon, first is putting the nations first. >> thank you. [applause] >> >> this afternoon, a discussion on the global economic situation with the international monetary fd manager and other international fincial figures. you can see i at 3:15 p.m. eaer on c-span, c-span now, or online at c-span.org. >> pope francis is lying in state at st. peter's basilica in the vatican until his funeral early saturday morning and st. peter's square. president t

next one scott bessent explained how trump's tax bill will help with economic recovery.> it's a three-legged stool on the economic policy. it is trade tax and deregulation were in the midst of addressing as caroline said the long-term trade imbalances president trump leadership the speaker johnson, leaders soon are united in speaker johnson had a good meeting yesterday with the big six in the tax bill is moving forward is going to get permit to the 2017 tax cuts and job back it will give american business certainty in american people certainty. mr. senator you're on the budget committee, scott bessent said he met with the big six republicans involved in taxes in the budget can you give us a timetable a timeframe for getting this thing done can you do it by memorial day. >> i think the house can get their work done by memorial day and in the summer we will go through improve the bill and get it to the president i'm thinking july 4 is a better day but i got emphasize 100 days of president trump promises made promises kept he's done on the deregulatory part the treasury sec

scott bessent announced the us is opening trade negotiations with japan, posted this on x. in the us trade representative jamison greer to open negotiations to implement the president's vision for the new golden age of global trade and his cabinet. the treasury secretary gave larry kudlow more details last night and broke this news. watch. >> i will reiterate what i said, countries that don't retaliate, we are in a maximum tariff level and it is my hope through good negotiations all we will do is see levels come down but that will depend on the other countries and if donald trump is personally involved in these negotiations and he believes as many of us do that there has been an unfair playing field so negotiations are tough. maria: so your thoughts on where this goes now and are there nontariff issues that donald trump can counter coming from beijing, they been undermining america at every turn. >> i think scott bessent might be the best secretary of treasury luke had in my lifetime and the perfect person to articulate what the strategy is and to delete these negotiations,

treasury secretary scott bessent today.e posted about on twitter, it looked a positive meeting. what did he say about tariff negotiations with the european union? >> we had some very construction -- constructive meetings in a good atmosphere. we were discussing also trade and tariffs and i stressed that we need a good deal, also good for europe and of course it's clear for us that there are no winners of trade wars. i do hope that we will manage to find a very good deal soon. >> i know that the european commission is doing that negotiating, but it is important for all countries in the european union to get a good agreement for european countries. the white house has said that countries are running to them to make a deal. what is your experience with the european union and how negotiations are looking right now? >> not very united. that is our position. it's up to the commission to negotiate and member states to support european commission and the commissioner in his effort to find as good a deal as possible, and this is our

>> absolutely and the other thing we've heard from scott bessent is that lutnick and commerce will beariffs now. bessent and treasury is practically living on the hill, helping them get to a deal on the budget. the budget is now the most essential piece of the economic platform and we need to make forward movement. charles: chris, my man, have a good one. i know you're getting writer's cramp and revise the message but this time in a good way. folks my next guest says buy the dip. in fact he has eight reasons i want to bring in wealth consulting group their chief market strategist. first of all, again, i wanted to talk to you about the news, right? even before the news, you'd already told people to buy the dip but this feels like maybe even a more reason for it though. it's 90 days, everyone keeps saying that but how does it make you feel as an investor? >> maybe we should have entitled it eight reasons to catch the falling in stocks but look, we have to take the longview here and of all of the classic technical sentiment and positioning indicators that we layout in this piece, charles

just to touch on your earlier point on scott bessent, this sucks terrible the market has sold off likef we don't do anything now, a year from now two years three years from now debt service exceeds outlay for social security payments. maria: great point. michael: with an debt service already exceeds defense budget you are at a point where the level of wealth in this country disparaging so far apart if you don't do anything problems get worst and worst and worst until something worst happens 15% pullback. maria: in a reliance on china from prescription drugs, really? we are getting started this hour quick break, markets pointing to a sharp sell-off at epg of trading back near lows of the morning dow industrials down 941 right now nasdaq down 563, investors are pan i've beeninging over president trump's tariff plans, investments president ceo is going to tell us what he is doing, with right now stay tuned once speaking with jamie dimon the leading bank don't miss that you are watching "mornings with maria" live on "fox business" stay with us. if you have wet amd, you never want to lose s

notice what scott bessent out on the white house in front of the white house earlier talking about ittice that howard lutnick tweet did not mention, you know, mentioned he and scott bessent not peter navarro. it sure sounds like ceos calling in other countries calling in appeal to donald trump's kind of deal making side and less so to the this is in place no matter what. and we're just going to going to keep these in place no matter how many countries come begging. so that looks to me like kind of an internal decision that's been made. which means if you're china, there is a pathway to de-escalate and get these back down. >> so gabe gutierrez, that brings me to you and what's happening right now in the here and now. we may again, indeed, as you mentioned, we may have a couple of opportunities to hear from the president, potentially. but we do know that representatives from vietnam are on the way. what are the things that are in the works that we know of to start some of these trade talks? >> well, hi there chris. well, a couple of things. >> first of all, i'd like to. point out. >> th

jackie: when it comes to scott bessent, his comments are reshaping china's economy in a major way. has problems at home for sure and so does the united states. we need to work together. there also are adversary which complicates things. beijing is not really never at this point. how long do you think it takes for the two sides to be able to cool off, step away from this and come back together to find common ground. >> scott bessent whether those were his with the presidents and being rolled out they are inflammatory and offensive. the united states trying to change china's economy china has been calculated in building their economy exactly the way that they wanted for a very long time. in stark contrast in this country we avenue president either every four or eight years in congress that gets reshaped very often as well. it is we that don't have a direction on where were going in china has been calculated. i don't think that they want to move away from an export-based economy and bring u.s. dollars into the country and being one of the largest lenders to the united states of americ

and neither. >> is scott bessent. times over the weekend. >> he's tortured. >> and completely dissembling, completely inarticulate on this topic because he doesn't believe. >> in it. but that's it. >> he doesn't believe in it. >> tv is not. tv is not easy. but if you're speaking the truth, you know how to do it. exactly. if you're forced to go on television and defend a policy you. >> don't. >> believe in impacting the world economy, and you know it's not true, that's a tough putt. >> here's what i worry about. >> if i may, please. china is our what? >> third largest creditor. they have. >> $760 billion worth. >> of. >> treasury securities. you know. >> they can start dumping. >> they can do things quietly. they made. >> a lot of noise. >> about the tariffs 145% tariffs. and we're going to reciprocate. and we're going. >> to. >> you know, come at you with the tariffs that you've given to us. but what they can do quietly, which is even more devastating is sell their treasury securities. hence the price of bonds falls a

i would credit scott bessent, treasury secretary scott bessent as the adult in the room who effectivelyhat year of mrd said we cannot keep going on like this the market does not like a look at the market and we need to somehow show progress and that's what we've gotten. cheryl: the wall street journal says if you look and listen to the president's words he was trying to downplay what we heard from kevin hassett. kevin hassett had said the administration was studying first off whether or not to fire powell but the tariffs in the back-and-forth. we had a lot of voices from the administration and the messaging has been confusing for not just the markets. >> you can think of phases of whose voting control the initial liberation day, the two days of wiping away $6.5 trillion in equity that was peter navarro. over the weekend when you saw the bottom fall out of the bond market that was steve moran everybody heard loud and clear we don't want to burden up being the world's reserve currency which is lunatic and not what president trump was ever stood for. he's always been in favor of america fi

caroline: let's talk more about scott bessent. he is soothingly markets further with recognition that america first does not mean america alone. he showed some support when he spoke of the need to course correct. kailey leinz has more from d.c.. the seems to be a combing -- calming of the market. >> you are seeing that in the price action. this is another instance of a tone shift from the ministration as there has been a lot of disdain for multilateral institutions emanating from the trump white house. scott bessent putting the worst of those fears to bed, saying the ministration is whirling -- willing to work with the imf as long as they avoid what he called mission creep focusing on carbon footprints or climate change. the key line that investors will seize on his america first does not mean america alone underscores the administration is trying to pivot away from the worst-case scenarios markets considered around american isolationism and protectionist policy, keeping in mind the speech came out after scott bessent pulled a clo

larry: scott bessent at his best. >> scott bessent at his best. aking over this. >> i think, what charles payne said is right, look scott knows japanese economy and all japanese finance ministers well. i believe he will strike a deal with vietnam and japan to be template for everyone and scare china to death. larry: that is it steve forbes last word. >> we have fox trump has out foxed xi jinping. and we have boxed in china. in economic and political terms. >> well, let's hope they come to negotiating table, i am sure they are trying to find ways do it now, he has internal problem with his military, general has been disappeared for months, i think they would like to get something done, i hope he does not do a diversion with taiwan. i don't think they are ready for that. >> thank you terrific. steve forbes, john karen and jackie deangelis, you can catch jackie and taylor riggs and dagen mcdowell and brian brenberg on big money show. fabulous fox business. thank you john and steve. coming up,e more goodnews on tax cut, rules vote on rule one. by whopp

i will kick it over to our great treasury secretary, scott bessent. sen. bessent: we saw the successful negotiating strategy president trump implement it a week ago today. it has brought more than 75 countries forward to negotiate. it took great courage for him to stay the course until this moment. what we have ended up with here, as i told everyone a week ago in this very spot, do not retaliate , and you will be rewarded. every country in the world who wants to negotiate, we are willing to hear you. we will go down to a 10% baseline tariff and china will be raised to 125% due to their insistence on escalation. reporter: secretary thank you for doing this. for the sake of clarity, mexico and china, are they part of this 10%? mexico and canada. are they part of the 10%? sen. bessent: yes. reporter: second, given you have the rest of the world calling, is this not just all about china? sen. bessent: it is about bad actors. what we will see is some of the early countries are china's neighbors. i am seeing vietnam today. japan is at the front of the queue, sout

scott bessent is there and a part of it if not the lead, the tip of the sphere in these negotiations. not peter navarro and that is good news. >> sandra: this is that medicine response why they decided to negotiate and do what they did. listen. >> i'm overwhelmed by the response from mostly our allies who want to come and negotiate in good faith. we are expecting them to come with their best deal. as i said a week ago today, don't retaliate. hold your ground and let's see what happens. and china kept escalating and escalating and now they have 125% tariffs that will be effective immediately. >> sandra: there you go, i know charlie, you are tightening in the trading community and it comes to the treasury market. and we want the american stock market to thrive and retirement accounts to go up, there are a lot of players in this market may have gotten caught the wrong way here. you have to think there was a lot of people trying to sell this market short thinking it may only get worse until it gets better. fake ol well, because of the mixed messaging, how can you doubt them? let's be clea

larry: all right, i hear you treasury secretary scott bessent.ou are always welcome on the show appreciate it. >> coming up a roller coaster stock market day. i don't know whether that happened or hurt. mr. scott bessent our own charles payne will weigh in right next up right here on kudlow. ok, ladies, eyes on the tape! happy little tree that lives... who recorded over my game footage? i just love his voice. great! it's lost forever now, don! coach, relax. i've got it saved in the cloud. innovation changes everything. the cloud? with one investment, you can access the nasdaq-100 innovators who are rethinking the world. really, don? before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com taking a stand for investors. everyone says it. (♪) vanguard does it. (♪) announcing vanguard's largest expense ratio cut ever. which includes nearly half of our fixed income and equity funds. saving investors over $350 million dollars this year alone. see how we've delivered for cli

scott bessent just said it's going to be between now and summer.erage politician in history of the white house and came up with a plan and lost $10 trillion in a couple of days, he would be dead. he would've been run out of town. but donald trump had this plan. it is bold and everybody feels it. but he has the opportunity to reset everything around the world when it comes to trade and save money and if it works, it will be fantastic. people have their fingers crossed that it will work. >> harris: senator john kennedy, so famous for his leadership and great quotes, from the great state of louisiana was saying on friday at that point he was saying we are in uncharted territory. the rest of the world is in uncharted territory too. lydia, the status of the trade negotiations with major partners. those who are trying to negotiate are on the far left of the wall. those who have offered concessions, those who have retaliated, china and canada. canada of course tries to take a case against the united states yesterday to the world trade organization. we'll

the elevated rule of scott bessent, treasury secretary, very reassuring to markets. as a market favorite. he was a market guy, brilliant market strategist. the scott bessent factor is real. >> sandra: the level of transparency by opening up the cabinet meeting. this was how president trump lead things off. speaking of instilling confidence, he's being very up front about what he called transition costs. >> there will be a transition costs. transition problems. it's going to be a beautiful thing. we are doing we should have done many years ago. letting it get out of control. we allowed countries to get very big and very rich at our expense. can't let that happen. >> sandra: that was president trump. scott bessent have the floor. he rereviewed something we've been hearing a lot during all of this. that it is main street's turn to do great. listen. >> i gave a speech yesterday. 1400 small community bankers and they were so happy to hear from your administration. i told them wall street has done great. for years, ten years, 20 years. can continue doing great. it's main s

this new rally is at least partially credited to the treasury secretary scott bessent. a source tells cnn that he privately told investors yesterday that washington's trade war with china is unsustainable, and he expects it to de-escalate this hour. bassett is speaking to an economic outlook forum. that's a public event, and we're watching to see if he moves the markets again. let's go live to cnn business and politics correspondent vanessa yurkevich, who is in new york monitoring all of this. vanessa secretary bessent comments about china at that private investment conference yesterday sent ripple effects after it was leaked. ripple effects throughout the markets. how significant is the impact of all of this? what he's about to say in public today. >> it would be significant and especially for markets, wolf, because investors and traders on wall street really only care about two things right now. they care about what is happening with the trade war and the president's comments about jerome powell, the head of the federal reserve. and they got positive news on both fron

scott bessent listed india as one of the early on nations. if you are a democrat, trying to respond, what are you hearing? kailey: democrats argue this is chaotic. there is so much uncertainty around policy. there was concern from democrats yesterday about potential market manipulative effect from these vacillation's. president trump said it was a good time to buy yesterday and then hours later, there was the biggest rally since '08. adam schiff suggested this requires investigation into possible insider trading. the president is saying china tariffs are sticking. there is a 90 day pause for other countries. we have seen time and again, he has the power to change his mind quickly. we have opportunities to hear from the president today. cabinet meeting scheduled now. signing a bill later. we will see if he gives surprising additional news. ed: overnight, china announced it will moderately reduce u.s. movies allowed in in response to tariffs. it is a new front in the trade war and could signal beijing's willingness to target american services w

of course he told me this first on the program last week. >> i hope what they do is let scott bessentofessional negotiate in a no japan korea, vietnam and get those things done quickly. if you want to come down the market, show progress let scott take the time, trade deals are very large and very complex and they cannot be done overnight behalf of teams working to get the ring. maria: scott bessent says clarity on key trade deals is coming in the next 90 days and is not concerned about china weapons in treasuries despite bond market volatility we were expecting china was in the market selling treasury putting pressure on the u.s. market walsh asset management president and chief investment officer kevin mahn. what is your reaction to all of this the deleveraging in the bond market last week in which scott bessent mentioned to us while we were talking during our interview in the speculation that china is trying to hit back by selling treasuries, your thoughts. >> it's become clear that china has become the main event on top of the global tariffs and trade in the tension between the two

it appears that scott bessent got what he wanted, maybe. this is real and the markets are reacting >> this is real, and this is a major step forward, with some caveats i'll get to. but for now, you can see the market reaction, and rightly so. it's down to a universal 10% base line tariff that does remain in place on everyone. but all of those countries tariff rates, as high as 49% on some trading partners. those are now on pause, because of the ongoing negotiations. treasury secretary scott bessent just told us that more than 75 nations have reached out to the u.s. over the past week. the president wants to be involved in each of those. and while they're ongoing, they're putting everything else on pause, except, of course, with china, where they're not happy about the retaliation, and that's why that tariff, they say, will hike up to 125%. we'll keep an eye out for paperwork making that official, but we would expect that to come in the next few hours. a couple of other headlines from the treasury secretary he insisted this was the president

treasury secretary scott bessent, a late entry. you're always welcome on this show, mr. bessent.appreciate it very, very much. >>> all right, folks, coming up, another roller coaster stock market day. i don't know whether that helped or hurt mr. scott bessent, but our own charles payne's going to to weigh in right next, next up right here on "kudlow." ♪ ♪ do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as

so you asked about scott bessent earlier.he was not a player in the room when it came to deciding on the tariffs or he just. yes, the president's decision. well. >> supposedly this week he was on the hill negotiating tax cuts, which i don't know how they're going to get republicans to agree to tax cuts when those republicans have to go home to screaming and yelling voters who are losing their businesses or paying up. >> the important thing here is that wall street looked to somebody like bessent and said, there's an adult in the room, somebody who understands these things. they look to somebody, you know, like either kevin hassett from the from the nsc and said, there's somebody who can steer this thing from going off the cliff. wall street now has a very different view on whether or not guys like bessent, guys like hassett can keep this thing from going off the cliff. and so when you read jp morgan's explanation of why they're predicting a recession, it's because of the change in sentiment towards an anti-business attitude f

us treasury secretary scott bessent hits out. the international monetary fund after it forecasts that the trump administration's terrif policies could hamper the global economy and thousands gathered to pay their respects to pope francis as he lies in state. welcome to world news america. it's good to have you with us. india has closed its main border across. with pakistan, a day after 26 people were killed by gunmen in an attack in indian administered kashmir. four gunmen reportedly came out of a forest at a tourist spot near the town of pahalgam and shot visitors with automatic weapons. police are searching for the attackers. kashmir, which is claimed by both india and pakistan, has seen a decades long armed insurgency against indian rule that has killed tens of thousands of people. our southeast asia correspondent yogitay has reached the area and spoken to survivors. kashmir's famed beauty that draws masses of visitors to it is today the backdrop for some of the worst violence it witnessed in the past decades. these are the moments when gunman opened fire at tourists in pahalgam's

how we use the next 90 days to get a good solution, and donald trump has made it very... as did scott bessent that he did not want retaliatory tariffs um does that put the eu um in a difficult position obviously they've come up with a with a separate proposal um but you know the language of diplomacy has to be very carefully trod clearly with this administration well so you has acted in a very responsible and measured way uh what we have actually agreed gave a political message to the commission who is negotiating, we told the commission, let's prepare for negotiations, and only if those fail will prepare also for plan b. eu has not responded to the tariffs from last week, you has responded to the steel and aluminum tariffs that were that were imposed already a long time ago in march, uh, it seems like a long time ago. so to so-called reciprocal tariffs that were introduced on what president trump calls deliberation day, there has not been a response from from the eu in concrete terms, you has acted very differently than china in this period of the last week. okay, we will leave it there, tha

progress from his press secretary, and the man you are seeing speaking now, the treasury secretary, scott bessent, who has been talking about the tariffs. he's the man behind the global tariff and he has been asked about the promise of tax cuts. it is going to give permanence to the 2017 tax cuts and a job act which will give american business certainty and american people certainty and then president trump is also adding the thing for working americans that he talked about, no tax on tips and over time and social security, making auto payments deductible, so that will substantially address the affordability crisis, and the other thing i would note, the vanguard, one of the largest money management firms in the us, said in the last hundred days 97% of americans have not done a trade and individual investors have held tight while institutional investors have panicked, so individual investors trust president trump. at the back. what should we expect in terms of relief and should be expect other industries to also get relief the way we have seen for auto ante? i'm not going to go into the details an

i think scott bessent is the right guy to do this. i don't want to short trip jamieson greer, but treasury secretary is highest guy in the picking order, i think market assess, ej antoni is what we need. >> that is right. i think that whole analysis is spot on. including fact that secretary bessent really i think is best man for the job, he is the master of sovereign debt markets but also a think if wizard. so there is that very important point. but, to this whole question of a trade deficit and capital flows, the president was touting fact that hyundai will build a steel plant in the south, not only they will make cars here they will make the steel here. that will go into the cars. where is koreans getting that money for this investment from the other things we buy from them. contribute -- cash is flowing frommous korea and that cash flows back here, that is a win-win as dr. laffer said earlier, we getting our products that wement want and -- >> very well put. john carney, in his heart, i heard this i was with him first term, i think

by the way, scott bessent said april, may, june will be busy months appear to if you can get a couplee, four, five weeks i don't know, six weeks, that will trigger tremendous rally in the stock market. because people will say, you know what, trump people were right and this is exactly how it is playing out. they were treated unfairly and now this threat they are making, but is off and trump a master negotiator. frankly, at this point to me all this recession talk, it is the greatest recession that never happened. i just don't see it. if the evidence comes in and europeans command but i don't see evidence of a recession. >> sandra: larry, always good and yesterday we will watch you for tonight for clock. thank you, john. >> john: this work floods drowning americans heartland and we are live in tennessee with the latest on the recovery efforts next, plus this. >> under this bill, a loving mother or father who exercises first amendment rights who speaks out of concern not cruelty could be labeled as abusive. we must ask ourselves is that really the rule of the state to insert itself into

. >> he said 145% tariff will bring china to the negotiating table and treasury secretary scott bessentays tariffs are completely unsustainable for china. watch here. >> 15 - 18 important leading relationships will put china to the side and then removing very quickly with many of the other countries. a lot of the asian trading partners have really come with their a game and trying to solve the fairness problem. >> what about china you plan on calling them your counterpart. >> we will see what happens with china. it is important and i think it's unsustainable from the chinese side. >> scott bessent says de-escalation is needed to get a deal with china than the two countries can get an agreement in principle to prevent higher tariffs because they're willing to go higher. the tariffs this far related record revenue $15.4 billion this month. the president says the new revenue stream could make possible a new income tax cut for americans making less than $200,000 a year. maria: we will see about that later in the show. check futures you want to know where your money is going we are in the gr

he said it is scott bessent's breakout week. do you agree? don't mean it in a disparaging way, a couple weeks ago he was a diminished figure, a guy who in his confirmation hearings was a reasonably good communicator came off as a terrible communicator. he didn't sound like he believed the words he was saying it. it suddenly in the last week plus he is standing up taller, he has more stature, more confidence, and clearly has the ear of the president for now and that has come through. this is been a great week for secretary bessette. i worry that investors and officials here are going to misconstrue that as a long-term trajectory. we know in the trump administration, any one who is up next week is just as likely to be down next week and that is most likely immediate -- not a good queue. lisa: i do wonder whether we got any sense this week of anything concrete that moves us past peak uncertainty to a greater understanding of the framework going forward and what the ultimate goals are and which players might come to the table and which maybe not.

scott bessent says tariffs will trigger a u.s. recession and the fed will focus on keeping inflation under control. ♪ good morning, happy monday. there is no trump put and he is doubling down on a policy d.a. heard -- d anchored. the nasdaq is in correction territory dropping more than 15% and ftse futures are lower, s&p futures build on losses, also pointing lower. tech heavy nasdaq lower by more than 4.4%. jp morgan suggesting a recession for the u.s., goldman sachs ramping up their expectations to 45%. u.s. treasuries are a bid. yields are down. japanese yen up 7/10 of 1% and brent crude sees a further squeeze, down 2.5% in gold is also off. let's cross over to asia with avril hong. hard to know where to start. avril: absolutely. carnage, panic, bloodbath does not even begin to cut it and you look at the declines, seeing reeling from this ramped up tariff war, across sectors when you're looking at stocks, the singapore benchmark plunging by the most on record. the difference for traders, if you're comparing this to the early pa

a letter was sent to scott bessent writing this. the i.r.s. has no legal authority to repurpose its data for immigration enforcement. any effort to do so would constitute a gross overreach of the agency's mission and clear violation of federal law. john, taxpayer privacy laws contains limited exceptions, one for criminal investigations when agencies request information on specific people. mike lee taking a shot at krause saying i.r.s. data doesn't belong to her. kraus was hired under the biden administration as chief data and analytics office and the chief operating officer and most recently the agency's third acting commissioner. she is set to depart shortly after tax day. it is unclear if she'll remain as acting commissioner in the interim days. john. >> john: we'll see and get the information from you, griff, no doubt. thanks. now this. >> president trump: having direct talks with iran and they've started. it will go on saturday. we have -- we'll see what can happen. >> dana: president trump pushing peace through strength sending a special

and scott bessent come out monday morning watch this space. is he we are getting a close. if they pen a deal with india template for all the other countries boom the market goes up. we all want to see that it's time no. administration has ever tried to negotiate 60 trade deals at once. i mean, this is crazy chicken stuff. if you are going to go for it. you only need india, the eu, engaged switzerland, and you've got 70% of the trade right there. >> steve: he's going to be at the podium at the white house in one hour. we will see that live. kevin, great job. thank you very much. >> thank you very much. [applause] >> steve: now go over to janice dean. who is your special friend? >> janice: i'm biased this is holey shae i have known you for a couple years now. you know i'm going to the kersh this week. what did you do for me? >> i designed a dress for you. >> she designed the dress that i'm going to wear for the kentucky derby, my tenth year doing the tell me about the website. >> holey shay.com. >> janice: are you wearing. >> i am. >> janice: wo

scott bessent, a worldwide investor. howard lutnick leading one of the world's largest financial services companies as well. i'll take team trump over the naysayers. >> kayleigh: arthel, you mentioned the deals that could happen. i predict that when some of these deals will announced, you'll see the stock market take offer. it might not be a deal. politco says they're working on memorandums of understanding. in the absence of full-fledged trade deals, sometimes they can take years. administration officials are working to ink these memorandums of understanding, which is according to three people close to the white house. they're a broad architecture for future deals. these individuals were granted anonymity. in other words, they might have these preliminary deals come out, paving the way for full-fledged deals. either way, you'll see the market react to that. >> you're right. the bottom line is we're watching president trump's negotiating skills in real time. and i think that him doing this in such a public way is indeed

if the markets move this easily based off of scott bessent behind closed doors. that china deal comes together. that becomes the position of power you bring those economic voters home because that's. >> what that deal comes together. we're not going to make back how much we've already lost. >> you don't. >> know that. >> the damage is. you can make, in many. >> ways a strong market. >> we have we have people, major investors, global capital allocators are saying, what on earth is happening in america? and i think that we should always be thinking about how that is affecting people here. and that is not going to do anything to lower prices. that is not going to create a growing economy. and i hear the next bill that is being signed into law is a hike of overdraft fees. so there is a big disconnect between what the talk is and what the. >> let me ask you about the bond markets, because obviously that that's concerning. even in the past when there's been instability in the economy. the idea that you could still invest in u.s. treasury bills was always pretty strong.

scott bessent describing this as the president's plan all along. there are going to be many people who are doubtful of that, who are going to say the president looked at the bond markets overnight and felt a lot of pressure. but that's certainly not what is coming from the white house. >> it's fascinating. and they were asked about this. i think it was maggie haberman from the new york times who was asking about trump putting out on social media just a few hours ago. be cool to markets, to americans. and then just a few hours later, you have what appears to be from the white house, a reversal. again, what you're hearing from the administration is that this was the plan all along. karoline leavitt saying you clearly missed the art of the deal. the entire world is calling us because they need our markets. they need our consumers best. and they are saying that trump created massive negotiating leverage. and now the focus is on china. they were asked if this was specifically about china and bessant. they're essentially saying this is about bad actors.

we also heard from the treasury secretary, scott bessent, who said there won't be a unilateral disarmament in this trade war, meaning basically that if trump blinks, china has to blink right there along with him. there's no public indication so far that the chinese president is rushing to get on the phone to potentially slash those tariffs. we still haven't heard of any direct engagement at the highest level between the white house and beijing. but as some in china are taking a victory lap over all of this and mocking president trump, this hashtag trump chickened out became a top trend on social media there, racked up more than 150 million views, we're told. and while wall street liked what trump said yesterday, they're also looking for action. and maybe fewer comments like these. >> china obviously treats us very badly, ripped off and taken advantage of by china. they've ripped us off beyond anybody. we're resetting the table. if you retaliate, we're going to double it. and that's what i did with china. what other presidents allow china to get away with is absolutely criminal. but i'm not

scott bessent said first mover advantage. if the japanese strike a deal everyone will be looking to them with what were they able to extract, what kind of concessions to they have to give to get this over the finish line? jonathan: chair powell is not blinking. is it fair to say the president is taking a softer tone with allies over the last week? annmarie: it is fair given he joined the negotiations yesterday, said he will be part of the negotiations. i believe they sat with the president for 15 minutes before sitting down with scott bessent and howard lutnick. who do you have arriving today in washington, d.c.? giorgia meloni, the head of italy, she will try to get the european union over the finish line for some sort of deal with this reprieve. jonathan: the auto sector is looking for the same thing. what we saw yesterday in retail sales were consumers frontloading purchases and you saw that in sales of autos, purchases up more than 5% in march. forward getting ready to raise prices on cars out of the factories as soon as

we showed scott bessent there saying this was a strategy all along. maybe this was scott bessent hope all along since sunday, but even the president seemed to suggest, when he was pressed by jeff zeleny that, well, actually, you know, the markets got a little yippy it seems like he decided he needed to do something. where are we right now? >> well, i. >> think his friends. >> i don't know, necessarily in the cabinet. >> pounded on him and told him. >> that he was in danger of. >> his undermining his legacy and hurting this country economically. >> and then. >> i think top of it is, is jeff did a beautiful report there, the issue of the bonds, when when people start fleeing treasuries, when they start raising rates, that sends a signal that the world is getting very concerned. and, look, he may get this resolved one way or another, but the trust is broken. people don't know what is happening in america. and we saw it with ukraine, where we are kind of we're withdrawing from them and making crazy demands on them. we're seeing it with what happened with

white house press secretary karoline leavitt and treasury secretary scott bessent talked about president trump's decision to partially suspend tariffs for 90 days except for china whose tariffs increased to 120 5%. this is about 15 minutes. >> hello everybody, how are you. we understand you have a lot of questions so we are here to talk about the president's latest statement regarding the plan. the president put out a statement announcing an additional tariff on china which will now go up to 120 5% because china imprudently decided to retaliate against the united states. as i said at the podium yesterday, when you punch at the united states, president trump will punch back harder. we have had more than 75 countries from around the world reach out to president trump and his team to negotiate better trade deals for the american worker. we have been overwhelmed with the amount of requests around the world. we will continue with remaining negotiations. in the meantime there will be a 90 day pause on reciprocal tariffs as negotiations are ongoing and the level who will be brought down to a un